Saudi Arabia

Air France-KLM to expand footprint in Saudi Arabia with more flights

Air France-KLM also signs an MoU with Saudia to expand their codeshare and commercial agreements

The economic impact of land degradation: Why $1 billion daily investments are crucial

$2.6 trillion is needed by 2030 to restore over one billion hectares of degraded land and improve drought resilience

New Murabba launches ESG and decarbonization strategies aligned with Vision 2030

These frameworks demonstrate the company's commitment to sustainable development

Saudi Arabia Crown Prince launches National Red Sea Sustainability Strategy

Strategy aims to increase the coverage of marine and coastal protected areas from 3 percent to 30 percent by 2030

COP16 Riyadh: NEOM green hydrogen facility to meet 10 percent of global production targets

Facility supports the goals of the Saudi Green Initiative to promote clean energy sources and reduce carbon emissions

Saudi Arabia Crown Prince meets French President, executives from top French companies

Meeting addressed efforts to combat desertification and the exchange of innovative expertise and technologies

Saudi Arabia, France form strategic partnership council to bolster cooperation in key sectors

FDI flows from France to Saudi Arabia amounted to more than SAR11.2 billion in 2023

Saudi Arabia’s Aramco acquires 10 percent stake in Horse Powertrain Limited

Renault Group and Geely will each retain a 45 percent stake in the company

Saudi Arabia, World Bank partner to establish global knowledge hub in Riyadh

The K-Hub will focus on two primary areas: competitiveness and diversification

COP16 Riyadh: Saudi Arabia assumes UNCCD Presidency, pledges $150 million for drought resilience

COP16 witnessed the launch of the Riyadh Global Drought Resilience Partnership with over $2 billion in pledges

World Bank: GCC growth projected at 1.6 percent in 2024, 4.2 percent in 2025-2026

UAE's economic growth is projected at 3.3 percent in 2024, driven by 4.1 percent non-oil sector growth 

UAE National Day: Historical bond with Saudi Arabia rooted in unity, shared vision

The Saudi Crown Prince's visit to the UAE emphasizes commitment to collaboration on regional and international issues amid global challenges 

UAE President, Saudi Crown Prince meet to discuss close bilateral ties

The Crown Prince congratulated the UAE President on 53rd Eid Al Etihad

Saudi Arabia to introduce VAT refund system for tourists in 2025

Key tourism targets for 2025 include attracting 127 million visitors to support the goals of the National Tourism Strategy

Saudi Arabia’s expenditure on research and development surges by 17.4 percent to $6 billion

The workforce in the R&D field increased by 12.2 percent, bringing the total number of employees to 49,337

Saudi Arabia sees 27 percent surge in incoming tourists over 9 months, says tourism minister 

By the end of 2023, tourism contributed 5 percent to GDP, with a goal of reaching 10 percent by 2030

Saudi Arabia attracts 2.5 million tourists to 80 global sporting events

Vision 2030 seeks to increase the sporting sector’s contribution to the Kingdom's GDP to $4.8 billion by 2030

Saudi economy grows 64 percent to $1.09 trillion in nominal GDP from 2016 to 2023, says Finance Minister

Al-Jadaan projected a 4.6 percent growth rate for non-oil GDP in Saudi Arabia in 2025 

Saudi Arabia inaugurates Riyadh Metro

The first phase will begin on December 1, while the last phase rollout will occur on January 5, 2025

AROYA Cruises redefines luxury travel in Saudi Arabia with inaugural voyage on December 16

It features 1678 cabins, 20 entertainment outlets, 29 restaurants and bars, and the highest shopping mall coverage of any cruise line in the world 

Saudi Arabia approves FY2025 budget, forecasts $315.2 billion in revenues

The approved state general expenditures amount to SAR1.285 trillion ($342.07 billion)

Saudi Arabia sets world record for largest food cluster with $5.3 billion investment to create 43,000 jobs by 2035

Over the next ten years, the Jeddah Food Cluster is expected to contribute SAR8 billion to national exports and add SAR7 billion to the nation's GDP

Saudi Arabia tops Arab region in quality infrastructure rankings, climbs 25 spots globally

The Kingdom ranked 20th globally in the Quality Infrastructure for Sustainable Development Index (QI4SD) 2024

Riyadh Season draws 8 million visitors so far, setting new record

This growth stems from the diverse events and entertainment options that have sparked significant interest